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Chapter 15 Bankruptcy - Explained

What is Chapter 15 Bankruptcy?

Written by Jason Gordon

Updated at April 7th, 2023

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What is Chapter 15 Bankruptcy?

Chapter 15 was included in the US Bankruptcy Code in 2005. It facilitates a friendly environment for the settlement of international insolvencies. Specifically, Chapter 15 facilitates the relationship between U.S courts and foreign courts. 

Chapter 15 focuses on jurisdiction. A foreign debtor can access the US bankruptcy courts in order to protect the value of their assets and resolving issues surrounding the debts. 

Back To: COMMERCIAL LAW: CONTRACTS, PAYMENTS, SECURITY INTERESTS, & BANKRUPTCY

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bankruptcy chapter 15

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